NRC Group (Norway) Probability of Future Stock Price Finishing Under 10.14
| NRC Stock | NOK 4.96 0.03 0.60% |
NRC |
NRC Group Target Price Odds to finish below 10.14
The tendency of NRC Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 10.14 after 90 days |
| 4.96 | 90 days | 10.14 | close to 99 |
Based on a normal probability distribution, the odds of NRC Group to stay under 10.14 after 90 days from now is close to 99 (This NRC Group ASA probability density function shows the probability of NRC Stock to fall within a particular range of prices over 90 days) . Probability of NRC Group ASA price to stay between its current price of 4.96 and 10.14 at the end of the 90-day period is about 9.42 .
Assuming the 90 days trading horizon NRC Group ASA has a beta of -0.0937. This indicates as returns on the benchmark increase, returns on holding NRC Group are expected to decrease at a much lower rate. During a bear market, however, NRC Group ASA is likely to outperform the market. Additionally NRC Group ASA has an alpha of 0.4317, implying that it can generate a 0.43 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NRC Group Price Density |
| Price |
Predictive Modules for NRC Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NRC Group ASA. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.NRC Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NRC Group is not an exception. The market had few large corrections towards the NRC Group's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NRC Group ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NRC Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.43 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 0.73 | |
Ir | Information ratio | 0.1 |
NRC Group Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NRC Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NRC Group ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NRC Group ASA appears to be risky and price may revert if volatility continues | |
| NRC Group ASA has high likelihood to experience some financial distress in the next 2 years | |
| NRC Group ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| NRC Group ASA has accumulated 1.2 B in total debt with debt to equity ratio (D/E) of 114.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NRC Group ASA has a current ratio of 0.8, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist NRC Group until it has trouble settling it off, either with new capital or with free cash flow. So, NRC Group's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NRC Group ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NRC to invest in growth at high rates of return. When we think about NRC Group's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 5.96 B. Net Loss for the year was (26 M) with profit before overhead, payroll, taxes, and interest of 1.24 B. | |
| About 25.0% of NRC Group outstanding shares are owned by corporate insiders |
NRC Group Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of NRC Stock often depends not only on the future outlook of the current and potential NRC Group's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NRC Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.5 M | |
| Cash And Short Term Investments | 626 M |
NRC Group Technical Analysis
NRC Group's future price can be derived by breaking down and analyzing its technical indicators over time. NRC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NRC Group ASA. In general, you should focus on analyzing NRC Stock price patterns and their correlations with different microeconomic environments and drivers.
NRC Group Predictive Forecast Models
NRC Group's time-series forecasting models is one of many NRC Group's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary NRC Group's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about NRC Group ASA
Checking the ongoing alerts about NRC Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NRC Group ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NRC Group ASA appears to be risky and price may revert if volatility continues | |
| NRC Group ASA has high likelihood to experience some financial distress in the next 2 years | |
| NRC Group ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| NRC Group ASA has accumulated 1.2 B in total debt with debt to equity ratio (D/E) of 114.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NRC Group ASA has a current ratio of 0.8, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist NRC Group until it has trouble settling it off, either with new capital or with free cash flow. So, NRC Group's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NRC Group ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NRC to invest in growth at high rates of return. When we think about NRC Group's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 5.96 B. Net Loss for the year was (26 M) with profit before overhead, payroll, taxes, and interest of 1.24 B. | |
| About 25.0% of NRC Group outstanding shares are owned by corporate insiders |
Other Information on Investing in NRC Stock
NRC Group financial ratios help investors to determine whether NRC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NRC with respect to the benefits of owning NRC Group security.